International Journal of Business, Humanities, Education and Social Sciences (IJBHES)
Vol 5 No 1 (2023): International Journal of Business, Humanities, Education and Social Sciences

Determinants of the Financial Performance: Evidence from Indonesian Manufacturing Companies

Permatasari Cahyaningdyah (Politeknik Negeri Madiun)
Mukti Prasaja (Politeknik Negeri Madiun)
Abdurrahman Maulana Yusuf (Universitas Mulawarman)

Article Info

Publish Date
30 Jun 2023

Abstract

This study aims to investigate the determinants of the financial performance of manufacturing companies in Indonesia. Financial performance is proxied by return on assets, while the determining factors in this study include capital structure (leverage), institutional ownership, audit quality, and firm size. This study uses a quantitative method. The samples were determined through the purposive sampling method, which resulted in a sample of 112 manufacturing companies in Indonesia during the 2018-2020 period—hypothesis testing by performing multiple linear regression using STATA. The results show that leverage and audit quality significantly influence the company's financial performance. Meanwhile, institutional ownership and company size do not affect the financial performance of manufacturing companies in Indonesia.

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Journal Info
International Journal of Business, Humanities, Education and Social Sciences (IJBHES)
Website

Abbrev

IJBHES

Publisher

Universitas Teknologi Yogyakarta

Subject

Humanities Economics, Econometrics & Finance Education Languange, Linguistic, Communication & Media Social Sciences

Description

The International Journal of Business, Humanities, Education and Social Sciences (IJBHES) is a periodical publication for research activities in the fields of business, humanities, education and social science studies. The results of the research in this journal are then expected to be used to ...